Pirinolo, those are good questions
1) My target for this stock by December is about $6-7/SH. Without any significant news release, I feel current revenue and earnings projections dont justify a price any higher than that. Unfortunately 4Q and year-end results won't be out until mid-January, so we may need some positive news before then.
2) I haven't heard any news outside of the press releases. I haven't talked to the company in a few months and although they were friendly, they couldn't really say much other than they were optimistic towards the future.
3) Don't know much about the management or board, other than that one of the directors of ADMG, N. Price Pashell, also sits on the board of a company called Biopool (BIPL) which is in a strong growth cycle at this time, and he along with newly appointed director Timothy Busch, have strong financial and tax backgrounds which will help greatly as the company moves towards expansion.
4)Perceived growth--- I feel the "'98 revenue growth of more than 20%" is just a conservative starting point, such as the 35-40% est. for '97, which turned into "in excess of 55%" as of last release.
My gut feeling says expansion is on the way soon. With this the company should be able to move towards $10/ sh by mid '98.
Also, this is a high margin industry, so strong profits ahead are definitely within reach, providing sales continue to rise.
ADMG has GREAT fundamentals for a company of its size!!!!
Dave B |
